In a big reversal from previous policy, Chinese authorities have announced that they will open China’s market for clearing domestic bank card transactions, Reuters reported Wednesday (April 22). This will allow players like Visa and MasterCard direct access to a $6.84 trillion market (as of...
After decades of tech dominance in California’s Silicon Valley – particularly by firms like Google and Facebook – it seems Europe is ready to make its move. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Since its creation of the first mechanical typewriter in 1884, NCR has been a standard part of the American retail experience. That experience has grown to include POS devices and the product the firm is most known for – ATMs. Get the Full Story Complete...
Jet.com, the second eCommerce brainchild from Diapers.com founder Marc Lore, goes into the market valued at $600 million – and that is before the company has sold a single item, according to The Wall Street Journal. However, CEO Lore has a long history of winning at...
With no pause to enjoy their reportedly billion dollar valuation, Zomato has snapped up NexTable – a restaurant reservation business and table management platform, TechCrunch reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Speaking at a Wall Street Journal forum in New York, Google Chief Compliance Officer Andy Hinton said Tuesday (April 21) that the world’s most successful search firm has turned its expertise in data analysis to compliance and is working to develop an algorithm that can spot...
The U.K.’s Financial Conduct Authority has handed Bank of America Merrill Lynch a record-breaking $20 million fine for failure to properly report transactions over a seven-year period, Reuters reported. Specifically, the regulator says BofA’s Merrill Lynch International arm misreported over 35 million transactions between 2007...
Alibaba’s affiliate mobile wallet Alipay has launched a new service that allows users to pay municipal fees in 12 Chinese cities, Tech In Asia reported Wednesday (April 22). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
This month’s Vantiv Omnicommerce Tracker highlighted a number of trends but perhaps none more interesting than what innovators are doing to make omnichannel a one-to-one experience. Marcus Robins, SVP of Strategy for Vantiv recently caught up with MPD CEO Karen Webster to offer his insight...
